Betting on an NBA game last night in Reno, I stopped and looked around at the other action being offered. Futures on ice hockey, table games galore, slots and their electronic progeny, and roulette, the cruelest of the casino games (so slowly tortorous, so deceptively unpredictable). You can win or lose. No middle ground.
In my hotel room this morning though, I listened to two commentators on CNN arguing about the need for government intervention to thwart rising gasoline prices. I am long on petroleum futures, so I took issue with the idea of the USG getting involved in price controls related to oil. But my objection is more philosophic than selfish. The government is not supposed to nor has the ability to manage risk.
Advocating for the Feds to regulate gasoline prices is essentially the same as saying that they should subsidize gambling losses. We live in a market economy. There are certain risks and gains inherent in that economy. Rational actors must themselves decide what works best or does not work for them.
In my case, it was the Magic to beat the Sixers. And they did.
Sensible libertarian views on nearly everything- except foreign affairs.